Companies Act, 2013
Right Issue of Shares
As per section 62(2) notice of right issue of shares shall be despatched through only registered post or speed post or through electronic mode (it should not be by hand receiving).
As per section 62(2) there should be at least 3 days gap between dispatch of letter of offer and open of offer. (Companies can extend this period but can't reduce it).
Right Issue of Shares
As per exemption to private limited companies by Notification dated 5.6.2015
Now, a private limited company if 90% of its members provide their consent in writing or in electronic mode can:
Dispatch notice of a lesser period than 3 days as mentioned in section. In other words, it can also dispatch notice even 1 days before the opening of the right issue.
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